7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 14.6% per year over the past 5 years.
Net income has grown faster than revenue (-4.3% vs -14.6% per year).
Operating margin has expanded, at 70.2% in the latest year.
Free cash flow has declined 17.8% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$14M
$7M
101.2%
70.2%
$7M
—
$118M
2024
$15M
$6M
91.1%
62.4%
$797248
—
$104M
2023
$12M
$8M
142.8%
105.1%
$10M
—
$98M
2022
$38M
$9M
37.0%
30.1%
—
—
$51M
2021
$41M
$17M
45.3%
31.0%
—
—
$46M
2020
$31M
$9M
49.8%
37.9%
—
—
$24M
2019
$40M
$14M
49.3%
42.5%
$10M
—
$14M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$5M
$4M
109.6%
95.7%
—
—
$121M
Dec '25
$1M
-$171232
45.6%
-15.4%
—
—
$118M
Sep '25
$4M
$3M
104.5%
82.1%
—
—
$113M
Jun '25
$4M
$2M
102.7%
77.0%
—
—
$110M
Mar '25
$5M
$3M
113.1%
79.6%
—
—
$106M
Dec '24
$961303
$109895
101.1%
-20.4%
$2M
—
$104M
Sep '24
$4M
$3M
108.0%
84.8%
$5M
—
$107M
Jun '24
$4M
$3M
111.3%
85.3%
$4M
—
$98M
Mar '24
$6M
$558870
60.7%
41.9%
-$9M
—
$95M
Dec '23
—
-$2M
—
—
—
—
$98M
Sep '23
—
$3M
—
—
—
—
$94M
Jun '23
—
$5M
—
—
—
—
$92M
Mar '23
—
$3M
—
—
—
—
$93M
Dec '22
$3M
-$52296
-14.6%
-31.7%
—
—
$51M
Sep '22
$12M
$3M
43.6%
40.8%
—
—
$46M
Jun '22
$12M
$3M
43.0%
34.5%
—
—
$45M
Mar '22
$12M
$3M
35.9%
28.6%
—
—
$45M
Dec '21
$4M
$682142
16.2%
-0.8%
—
—
$46M
Sep '21
$11M
$3M
42.9%
38.9%
—
—
$54M
Jun '21
$15M
$5M
51.9%
45.6%
—
—
$53M
Valuation over time
How the market has priced WETH against its own fundamentals since 2024-02 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 5.8× (Feb '24) to 1.9× (Jun '26).
The price-to-sales ratio has fallen from 4.0× (Feb '24) to 0.9× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is WETH growing its revenue and profit?
Over the past 5 years, Wetouch Technology Inc.'s revenue has declined 14.6% per year, and net income declined 4.3% per year. These are computed facts, not advice.
How much debt does WETH have?
As of FY2025, Wetouch Technology Inc. reported — of total debt against $118M of cash.
What is WETH's profit margin?
In FY2025, gross margin was 101.2%, operating margin 70.2%, and net margin 50.4%.
What is WETH's P/E ratio?
As of Jun '26, Wetouch Technology Inc. traded at a price-to-earnings ratio of about 1.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.